So, you're looking at AMD stock price today per share and wondering if you missed the boat. It’s a fair question. Honestly, the chip world moves so fast it’s hard to keep up without a steady diet of caffeine and spreadsheet macros. As of the market close on Friday, January 16, 2026, Advanced Micro Devices (AMD) settled in at $231.76.
The stock popped about 1.68% on Friday. That might not sound like a moonshot, but in the context of the last few weeks, it’s part of a much bigger, more aggressive climb. If you’ve been watching the charts, you know AMD has been on a tear, recently bouncing off a low near $200 and staring down its 52-week high of $267.08.
Investors are basically betting that Lisa Su has another ace up her sleeve.
The OpenAI deal that changed everything
A huge reason why people are Googling AMD stock price today per share is the massive news involving OpenAI. You probably heard that OpenAI is trying to diversify away from Nvidia. Well, they aren't just talking about it anymore. They’ve locked in a strategic partnership to deploy 6 gigawatts of AMD GPU power for their next-gen infrastructure.
The first 1-gigawatt phase—using the new AMD Instinct MI450 GPUs—is slated to start in the second half of 2026.
That is a staggering amount of compute.
Think about it this way. For years, Nvidia was the only game in town for serious AI training. Now, the biggest player in AI is essentially saying, "We trust AMD's roadmap enough to run our future on it." That’s a massive validation. It's why analysts like Aaron Rakers at Wells Fargo recently named AMD their "top pick" for 2026, slapping a $345 price target on the stock.
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If they hit that target, we’re looking at nearly 50% upside from where we are today.
Breaking down the January numbers
Let's get into the weeds of the price action we saw this week. On Monday, January 12, the stock was hanging around $207. By Tuesday, it surged over 6% after KeyBanc analyst John Vinh upgraded the stock to Overweight.
Vinh’s logic was simple: AMD is almost completely sold out of server CPUs.
When you have more buyers than chips, you gain "pricing power." AMD is reportedly looking at raising prices on those server CPUs by 10% to 15% this quarter. That goes straight to the bottom line. It’s a beautiful thing for margins, which is why the market cap has ballooned to roughly $377 billion.
Here’s a quick look at how the daily "per share" price has fluctuated over the last week:
- Monday (Jan 12): Closed at $207.69.
- Tuesday (Jan 13): Jumped to $220.97 on the KeyBanc upgrade.
- Wednesday (Jan 14): Kept the momentum, closing at $223.60.
- Thursday (Jan 15): Hit $227.92 as the broader semi-sector rallied.
- Friday (Jan 16): Finished the week strong at $231.76.
Volume has been heavy, too. Over 42 million shares traded hands on Friday alone. People aren't just "holding" here; they are actively repositioning.
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Is the $20 EPS target realistic?
The real "wow" factor in the recent analyst notes is the long-term earnings projection. Wells Fargo is whispering about AMD reaching $20 in earnings per share (EPS) by 2029.
To put that in perspective, they earned about $1.20 per share in the last reported quarter (Q3 2025). Growing that to $20 in four years is an insane trajectory. It assumes that Lisa Su’s prediction—that the data center GPU market will hit $1 trillion by 2030—is even remotely accurate.
AMD's data center revenue is currently around $17 billion annually. If they even grab a 20% slice of a trillion-dollar pie, the current stock price of $231 will look like a bargain in hindsight.
But it’s not all sunshine.
RBC Capital recently initiated coverage with a "Sector Perform" rating (basically a "Hold") and a $230 target. Their concern? Meta, Microsoft, and OpenAI are all building their own "in-house" AI chips. If the big whales start using their own silicon, AMD’s market share could get squeezed. It’s a classic bull vs. bear tug-of-war.
The Helios factor and what to watch next
The next big catalyst is the earnings report coming up on February 3, 2026.
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Everyone is going to be listening for updates on "Helios." This is AMD’s first full rack-scale design. It’s not just a chip; it’s the whole server architecture. Oracle has already signed on to offer an AI supercluster powered by Helios, starting with 50,000 GPUs in the third quarter of this year.
If Lisa Su gives a bullish guide for the rest of 2026 during that February call, $231 might be the last time we see the stock in the low 200s.
On the flip side, the stock is currently trading at a P/E ratio of over 114. That is "priced for perfection." If there’s even a tiny hiccup in the MI450 ramp-up or if the OpenAI deployment gets delayed, the correction could be sharp.
Actionable steps for your portfolio
If you're looking to trade or hold AMD right now, keep these specific triggers in mind:
- Monitor the $240 resistance: AMD has struggled to break cleanly above $240 in recent sessions. A close above that level on high volume is a classic technical "buy" signal for many traders.
- Watch the February 3 earnings: Don't just look at the EPS number. Look at the "Data Center" segment growth. If that growth isn't accelerating, the valuation might be hard to sustain.
- Keep an eye on TSMC: AMD is a fabless chipmaker. They rely on Taiwan Semiconductor (TSMC) to actually build the chips. Any supply chain news out of Taiwan will move AMD stock faster than almost anything else.
The bottom line? AMD isn't just a "PC chip company" anymore. It's a high-stakes AI play that is finally proving it can stand in the same ring as Nvidia. At $231 a share, you're paying for the future, but at least that future now has OpenAI’s name written all over it.